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Rigetti Computing Stock Surges as Analysts Maintain Buy Ratings
Rigetti Computing Stock Surges as Analysts Maintain Buy Ratings
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Rigetti Computing (RGTI) shares jumped over 17% on Thursday, fueled by bullish analyst sentiment and upward price target revisions. Craig-Hallum’s Richard Shannon, a noted tech sector expert, reaffirmed his Buy rating while projecting a 30% upside potential. Quantum computing emerges as a bright spot in tech alongside AI, with Rigetti’s stock soaring 1000% in the past year despite a sluggish start to 2025.
The company’s Q1 2025 financials showed marked improvement, adding momentum to the rally. As tariff concerns fade, institutional investors are doubling down on quantum computing plays. "We’re seeing fundamental progress match the speculative enthusiasm," remarked one trader at a Wall Street firm not authorized to speak publicly.
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